PingPong, a global payment platform, showcased its achievements and innovations in the cross-border payments industry at the Singapore Fintech Festival 2023.
The event featured a keynote speech by PingPong’s Global Businesses CEO, David Messenger, who shared tips for enterprises to navigate the complex and dynamic global environment and a strategic partnership announcement with MODIFI, a Fintech leader in digital trade finance.
Keynote Speech: How to Thrive in a Globalized World
David Messenger, PingPong’s Global Businesses CEO, shared his insights on how to protect, manage, and grow cross-border enterprises in the face of uncertainties. He discussed the challenges of volatility, regulatory changes, and evolving supply chains, and how to overcome them with technology, local teams, and strong local connections with valued partners. He emphasized the need for quick adaptation to changing FX and legal landscapes.
Global Payment Network: Partnering for Mutual Growth
PingPong highlighted its ability to partner with enterprises worldwide, seeking world-class global partners in Singapore and Southeast Asia for mutual growth. This approach reflects the platform’s flexibility to meet diverse needs and its commitment to fostering partnerships globally.
Major Payment Institution (MPI) Approval by MAS
PingPong recently obtained approval as a Major Payment Institution in Singapore by the Monetary Authority of Singapore (MAS). This allows PingPong to offer a comprehensive range of payment services, facilitating faster global expansion for local businesses.
David Messenger, PingPong’s Global Businesses CEO, stated, “These announcements underscore our commitment to empowering businesses globally. From protecting against uncertainties to driving digital trade, PingPong is at the forefront of reshaping cross-border transactions and financing.”
Adaptation and Innovation in a Changing Landscape
PingPong supports customers in adapting to the new geopolitical and economic conditions, demonstrating the ability to adapt and change to take advantage of market opportunities. Messenger highlighted the human and people aspects, emphasizing the need for fintechs to marry the power of technology with being local, people-driven companies. Investment in, and development of strong ties with the right local partners is essential for sustained success.
About PingPong
Founded in 2015, PingPong is a leading global technology company. The PingPong ecosystem is built on the vision that empowers cross-border digital commerce to grow. Our one-stop innovative, secured, compliant and comprehensive suite of products includes e-commerce payment, B2B trade payment, acquiring service, card issuing, FX management, supply chain financing, enterprise solutions, and more.
Over the years, PingPong has accommodated business flows from over 200 markets and regions. Our tested and proven global infrastructure has processed over US$100 billion in transaction volume and connects over 100 international e-commerce marketplaces and ecosystem partners, as well as over 100 international financial institutions.
